0000932471-18-006055.txt : 20180522 0000932471-18-006055.hdr.sgml : 20180522 20180522144842 ACCESSION NUMBER: 0000932471-18-006055 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 15 FILED AS OF DATE: 20180522 DATE AS OF CHANGE: 20180522 EFFECTIVENESS DATE: 20180522 FILER: COMPANY DATA: COMPANY CONFORMED NAME: VANGUARD WORLD FUND CENTRAL INDEX KEY: 0000052848 IRS NUMBER: 046035483 STATE OF INCORPORATION: DE FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-17620 FILM NUMBER: 18852147 BUSINESS ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482 BUSINESS PHONE: 6106691000 MAIL ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482 FORMER COMPANY: FORMER CONFORMED NAME: VANGUARD WORLD FUNDS DATE OF NAME CHANGE: 20020402 FORMER COMPANY: FORMER CONFORMED NAME: VANGUARD WORLD FUND INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: IVEST FUND INC DATE OF NAME CHANGE: 19850923 0000052848 S000004443 Vanguard Communication Services Index Fund C000012208 Admiral Shares VTCAX C000012209 ETF Shares VOX 0000052848 S000004446 Vanguard Consumer Discretionary Index Fund C000012214 Admiral Shares VCDAX C000012215 ETF Shares VCR 0000052848 S000004452 Vanguard Information Technology Index Fund C000012226 Admiral Shares VITAX C000012227 ETF Shares VGT 497 1 coverlet.htm SECTOR FUNDS-MAY XBRL coverlet.htm - Generated by SEC Publisher for SEC Filing
May 22, 2018
 
 
 
 
U.S. Securities & Exchange Commission
100 F Street, N.E.
Washington, DC 20549
 
 
Re: Vanguard World Fund (the “Trust”)
  File No. 2-17620
 
 
Commissioners:
 
Pursuant to Rule 497(e) under the Securities Act of 1933, we hereby file exhibits containing
interactive data format risk/return summary information that reflects the risk/return summary
information in the supplement dated May 2, 2018, filed pursuant to Rule 497(e), for the Vanguard
Telecommunication Services Index, Vanguard Consumer Discretionary Index, and Vanguard
Information Technology Index Funds, series of the above mentioned Trust.
If you have any questions or comments concerning the enclosed Amendment, please contact me at
(610) 669-7310.
 
Sincerely,
 
 
Alexander F. Smith
Associate Counsel
The Vanguard Group, Inc.
 
 
Enclosures
 
 
cc: Lisa N. Larkin
  U.S. Securities and Exchange Commission

 

EX-101.INS 2 world-20180502.xml INSTANCE 0000052848 2017-12-21 2017-12-21 0000052848 world:S000004443Member 2017-12-21 2017-12-21 0000052848 world:S000004446Member 2017-12-21 2017-12-21 0000052848 world:S000004452Member 2017-12-21 2017-12-21 2017-12-21 497 2017-08-31 VANGUARD WORLD FUND 0000052848 false 2018-05-02 2018-05-02 [SHIP LOGO VANGUARD (R)]<br/><br/>Vanguard Telecommunication Services Index Fund <br/>Vanguard Consumer Discretionary Index Fund <br/>Vanguard Information Technology Index Fund<br/><br/>Supplement to the Prospectus and Summary Prospectuses Dated December 21, 2017<br/><br/>In November 2017, S&amp;P Dow Jones and MSCI Inc. announced structural changes to the Global Industry Classification Standard<sup>&#174;</sup> (GICS). The new GICS structure will reflect updated definitions for the telecommunication services, consumer discretionary, and information technology sectors (as classified under GICS), which will impact the MSCI target indexes for Vanguard Telecommunication Services Index Fund, Vanguard Consumer Discretionary Index Fund, and Vanguard Information Technology Index Fund (the Funds). As a result, the Funds' board of trustees (the Board) has approved changes to each Fund as set forth in this supplement. The Board believes that these changes are in shareholders' best interests.<br/><br/>As discussed in detail below, each Fund has begun tracking a custom MSCI transition index, on an interim basis, in the first of a two-phased index transition previously approved by the Board. Each Fund will track its custom transition index until the new GICS structure is implemented, at which point the Fund will resume tracking its applicable MSCI target index.<br/><br/>Vanguard Telecommunication Services Index Fund<br/><br/>Effective immediately, the Fund has temporarily adopted the MSCI US Investable Market Communication Services 25/50 Transition Index as its target index. This Index is designed to transition in and out of securities affected by pending updates to the telecommunication services sector, as classified under GICS, until those updates take effect.<br/><br/>Under the new GICS structure, the telecommunication services sector will be renamed as the communication services sector, and its definition will be broadened to include companies that facilitate communication and offer related content and information through various media. In line with these changes, the MSCI US Investable Market Telecommunication Services 25/50 Index&#8212;the Fund's original target index&#8212;will be broadened and renamed as the MSCI US Investable Market Communication Services 25/50 Index. MSCI is expected to implement the new GICS structure in the latter half of 2018. At that time, the MSCI US Investable Market Communication Services 25/50 Index will reflect the updated definition of the communication services sector.<br/><br/>To coincide with the change to its MSCI target index, the Fund has changed its name to Vanguard Communication Services Index Fund, effective immediately and as previously approved by the Board.<br/><br/>Prospectus and Summary Prospectus Changes for Vanguard Telecommunication Services Index Fund<br/><br/>All references to Vanguard Telecommunication Services Index Fund and Vanguard Telecommunication Services ETF are replaced with Vanguard Communication Services Index Fund and Vanguard Communication Services ETF, respectively.<br/><br/>All references to the telecommunication services sector are replaced with the communication services sector.<br/><br/>The text under the heading &#147;Investment Objective&#148; is amended as follows: The Fund seeks to track the performance of a benchmark index that measures the investment return of communication services stocks.<br/><br/>The text under the heading &#147;Principal Investment Strategies&#148; is amended as follows: The Fund employs an indexing investment approach designed to track the performance of the MSCI US Investable Market Transition Index/ Communication Services 25/50, an index made up of stocks of large, mid-size, and small U.S. companies within the communication services sector, as classified under the Global Industry Classification Standard (GICS). The GICS communication services sector is made up of companies that provide communications services primarily through fixed-line, cellular, wireless, high-bandwidth, and/or fiber-optic cable networks and companies that facilitate communication and offer related content and information through various media.<br/><br/>The Fund attempts to replicate the target index by seeking to invest all, or substantially all, of its assets in the stocks that make up the Index, in order to hold each stock in approximately the same proportion as its weighting in the Index.<br/><br/>Vanguard Consumer Discretionary Index Fund<br/><br/>Effective immediately, the Fund has temporarily adopted the MSCI US Investable Market Consumer Discretionary 25/50 Transition Index as its target index. This Index is designed to transition in and out of securities affected by pending updates to the consumer discretionary sector, as classified under GICS, until those updates take effect.<br/><br/>MSCI is expected to implement the new GICS structure in the latter half of 2018. At that time, the MSCI US Investable Market Consumer Discretionary 25/50 Index&#8212;the Fund's original target index&#8212;will reflect the updated definition of the GICS consumer discretionary sector. Under the new GICS structure, the consumer discretionary sector will include companies that provide online marketplaces for consumer products and services.<br/><br/>Vanguard Information Technology Index Fund<br/><br/>Effective immediately, the Fund has temporarily adopted the MSCI US Investable Market Information Technology 25/50 Transition Index as its target index. This Index is designed to transition in and out of securities affected by pending updates to the information technology sector, as classified under GICS, until those updates take effect.<br/><br/>MSCI is expected to implement the new GICS structure in the latter half of 2018. At that time, the MSCI US Investable Market Information Technology 25/50 Index&#8212;the Fund's original target index&#8212;will reflect the updated definition of the GICS information technology sector. Under the new GICS structure, the information technology sector will no longer include (1) companies that engage in content and information creation or in distribution through proprietary platforms, where revenues are derived primarily through pay-per-click advertisements or (2) companies that provide online marketplaces for consumer products and services.<br/><br/>&#169; 2018 The Vanguard Group, Inc. All rights reserved.<br/>Vanguard Marketing Corporation, Distributor.<br/><br/>PS 5483B 052018 [SHIP LOGO VANGUARD (R)]<br/><br/>Vanguard Telecommunication Services Index Fund <br/><br/>Supplement to the Prospectus and Summary Prospectuses Dated December 21, 2017<br/><br/>In November 2017, S&amp;P Dow Jones and MSCI Inc. announced structural changes to the Global Industry Classification Standard<sup>&#174;</sup> (GICS). The new GICS structure will reflect updated definitions for the telecommunication services, consumer discretionary, and information technology sectors (as classified under GICS), which will impact the MSCI target indexes for Vanguard Telecommunication Services Index Fund, Vanguard Consumer Discretionary Index Fund, and Vanguard Information Technology Index Fund (the Funds). As a result, the Funds' board of trustees (the Board) has approved changes to each Fund as set forth in this supplement. The Board believes that these changes are in shareholders' best interests.<br/><br/>As discussed in detail below, each Fund has begun tracking a custom MSCI transition index, on an interim basis, in the first of a two-phased index transition previously approved by the Board. Each Fund will track its custom transition index until the new GICS structure is implemented, at which point the Fund will resume tracking its applicable MSCI target index.<br/><br/>Vanguard Telecommunication Services Index Fund<br/><br/>Effective immediately, the Fund has temporarily adopted the MSCI US Investable Market Communication Services 25/50 Transition Index as its target index. This Index is designed to transition in and out of securities affected by pending updates to the telecommunication services sector, as classified under GICS, until those updates take effect.<br/><br/>Under the new GICS structure, the telecommunication services sector will be renamed as the communication services sector, and its definition will be broadened to include companies that facilitate communication and offer related content and information through various media. In line with these changes, the MSCI US Investable Market Telecommunication Services 25/50 Index&#8212;the Fund's original target index&#8212;will be broadened and renamed as the MSCI US Investable Market Communication Services 25/50 Index. MSCI is expected to implement the new GICS structure in the latter half of 2018. At that time, the MSCI US Investable Market Communication Services 25/50 Index will reflect the updated definition of the communication services sector.<br/><br/>To coincide with the change to its MSCI target index, the Fund has changed its name to Vanguard Communication Services Index Fund, effective immediately and as previously approved by the Board.<br/><br/>Prospectus and Summary Prospectus Changes for Vanguard Telecommunication Services Index Fund<br/><br/>All references to Vanguard Telecommunication Services Index Fund and Vanguard Telecommunication Services ETF are replaced with Vanguard Communication Services Index Fund and Vanguard Communication Services ETF, respectively.<br/><br/>All references to the telecommunication services sector are replaced with the communication services sector.<br/><br/>The text under the heading &#147;Investment Objective&#148; is amended as follows: The Fund seeks to track the performance of a benchmark index that measures the investment return of communication services stocks.<br/><br/>The text under the heading &#147;Principal Investment Strategies&#148; is amended as follows: The Fund employs an indexing investment approach designed to track the performance of the MSCI US Investable Market Transition Index/ Communication Services 25/50, an index made up of stocks of large, mid-size, and small U.S. companies within the communication services sector, as classified under the Global Industry Classification Standard (GICS). The GICS communication services sector is made up of companies that provide communications services primarily through fixed-line, cellular, wireless, high-bandwidth, and/or fiber-optic cable networks and companies that facilitate communication and offer related content and information through various media.<br/><br/>The Fund attempts to replicate the target index by seeking to invest all, or substantially all, of its assets in the stocks that make up the Index, in order to hold each stock in approximately the same proportion as its weighting in the Index.<br/><br/>&#169; 2018 The Vanguard Group, Inc. All rights reserved.<br/>Vanguard Marketing Corporation, Distributor.<br/><br/>PS 5483B 052018 [SHIP LOGO VANGUARD (R)]<br/><br/>Vanguard Consumer Discretionary Index Fund <br/><br/>Supplement to the Prospectus and Summary Prospectuses Dated December 21, 2017<br/><br/>In November 2017, S&amp;P Dow Jones and MSCI Inc. announced structural changes to the Global Industry Classification Standard<sup>&#174;</sup> (GICS). The new GICS structure will reflect updated definitions for the telecommunication services, consumer discretionary, and information technology sectors (as classified under GICS), which will impact the MSCI target indexes for Vanguard Telecommunication Services Index Fund, Vanguard Consumer Discretionary Index Fund, and Vanguard Information Technology Index Fund (the Funds). As a result, the Funds' board of trustees (the Board) has approved changes to each Fund as set forth in this supplement. The Board believes that these changes are in shareholders' best interests.<br/><br/>As discussed in detail below, each Fund has begun tracking a custom MSCI transition index, on an interim basis, in the first of a two-phased index transition previously approved by the Board. Each Fund will track its custom transition index until the new GICS structure is implemented, at which point the Fund will resume tracking its applicable MSCI target index.<br/><br/>Vanguard Consumer Discretionary Index Fund<br/><br/>Effective immediately, the Fund has temporarily adopted the MSCI US Investable Market Consumer Discretionary 25/50 Transition Index as its target index. This Index is designed to transition in and out of securities affected by pending updates to the consumer discretionary sector, as classified under GICS, until those updates take effect.<br/><br/>MSCI is expected to implement the new GICS structure in the latter half of 2018. At that time, the MSCI US Investable Market Consumer Discretionary 25/50 Index&#8212;the Fund's original target index&#8212;will reflect the updated definition of the GICS consumer discretionary sector. Under the new GICS structure, the consumer discretionary sector will include companies that provide online marketplaces for consumer products and services.<br/><br/>&#169; 2018 The Vanguard Group, Inc. All rights reserved.<br/>Vanguard Marketing Corporation, Distributor.<br/><br/>PS 5483B 052018 [SHIP LOGO VANGUARD (R)]<br/><br/>Vanguard Information Technology Index Fund<br/><br/>Supplement to the Prospectus and Summary Prospectuses Dated December 21, 2017<br/><br/>In November 2017, S&amp;P Dow Jones and MSCI Inc. announced structural changes to the Global Industry Classification Standard<sup>&#174;</sup> (GICS). The new GICS structure will reflect updated definitions for the telecommunication services, consumer discretionary, and information technology sectors (as classified under GICS), which will impact the MSCI target indexes for Vanguard Telecommunication Services Index Fund, Vanguard Consumer Discretionary Index Fund, and Vanguard Information Technology Index Fund (the Funds). As a result, the Funds' board of trustees (the Board) has approved changes to each Fund as set forth in this supplement. The Board believes that these changes are in shareholders' best interests.<br/><br/>As discussed in detail below, each Fund has begun tracking a custom MSCI transition index, on an interim basis, in the first of a two-phased index transition previously approved by the Board. Each Fund will track its custom transition index until the new GICS structure is implemented, at which point the Fund will resume tracking its applicable MSCI target index.<br/><br/>Vanguard Information Technology Index Fund<br/><br/>Effective immediately, the Fund has temporarily adopted the MSCI US Investable Market Information Technology 25/50 Transition Index as its target index. This Index is designed to transition in and out of securities affected by pending updates to the information technology sector, as classified under GICS, until those updates take effect.<br/><br/>MSCI is expected to implement the new GICS structure in the latter half of 2018. At that time, the MSCI US Investable Market Information Technology 25/50 Index&#8212;the Fund's original target index&#8212;will reflect the updated definition of the GICS information technology sector. Under the new GICS structure, the information technology sector will no longer include (1) companies that engage in content and information creation or in distribution through proprietary platforms, where revenues are derived primarily through pay-per-click advertisements or (2) companies that provide online marketplaces for consumer products and services.<br/><br/>&#169; 2018 The Vanguard Group, Inc. All rights reserved.<br/>Vanguard Marketing Corporation, Distributor.<br/><br/>PS 5483B 052018 EX-101.SCH 3 world-20180502.xsd SCHEMA 000000 - Document - Document and Entity Information {Elements} link:presentationLink link:calculationLink link:definitionLink 000011 - Document - Risk/Return Supplement {Unlabeled} - VANGUARD WORLD FUND link:presentationLink link:calculationLink link:definitionLink 000019 - Disclosure - Risk/Return Detail Data {Elements} - VANGUARD WORLD FUND link:presentationLink link:calculationLink link:definitionLink EX-101.DEF 4 world-20180502_def.xml DEFINITION EX-101.LAB 5 world-20180502_lab.xml LABEL EX-101.PRE 6 world-20180502_pre.xml PRESENTATION XML 7 R1.htm IDEA: XBRL DOCUMENT v3.8.0.1
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[SHIP LOGO VANGUARD (R)]

Vanguard Telecommunication Services Index Fund
Vanguard Consumer Discretionary Index Fund
Vanguard Information Technology Index Fund

Supplement to the Prospectus and Summary Prospectuses Dated December 21, 2017

In November 2017, S&P Dow Jones and MSCI Inc. announced structural changes to the Global Industry Classification Standard® (GICS). The new GICS structure will reflect updated definitions for the telecommunication services, consumer discretionary, and information technology sectors (as classified under GICS), which will impact the MSCI target indexes for Vanguard Telecommunication Services Index Fund, Vanguard Consumer Discretionary Index Fund, and Vanguard Information Technology Index Fund (the Funds). As a result, the Funds' board of trustees (the Board) has approved changes to each Fund as set forth in this supplement. The Board believes that these changes are in shareholders' best interests.

As discussed in detail below, each Fund has begun tracking a custom MSCI transition index, on an interim basis, in the first of a two-phased index transition previously approved by the Board. Each Fund will track its custom transition index until the new GICS structure is implemented, at which point the Fund will resume tracking its applicable MSCI target index.

Vanguard Telecommunication Services Index Fund

Effective immediately, the Fund has temporarily adopted the MSCI US Investable Market Communication Services 25/50 Transition Index as its target index. This Index is designed to transition in and out of securities affected by pending updates to the telecommunication services sector, as classified under GICS, until those updates take effect.

Under the new GICS structure, the telecommunication services sector will be renamed as the communication services sector, and its definition will be broadened to include companies that facilitate communication and offer related content and information through various media. In line with these changes, the MSCI US Investable Market Telecommunication Services 25/50 Index—the Fund's original target index—will be broadened and renamed as the MSCI US Investable Market Communication Services 25/50 Index. MSCI is expected to implement the new GICS structure in the latter half of 2018. At that time, the MSCI US Investable Market Communication Services 25/50 Index will reflect the updated definition of the communication services sector.

To coincide with the change to its MSCI target index, the Fund has changed its name to Vanguard Communication Services Index Fund, effective immediately and as previously approved by the Board.

Prospectus and Summary Prospectus Changes for Vanguard Telecommunication Services Index Fund

All references to Vanguard Telecommunication Services Index Fund and Vanguard Telecommunication Services ETF are replaced with Vanguard Communication Services Index Fund and Vanguard Communication Services ETF, respectively.

All references to the telecommunication services sector are replaced with the communication services sector.

The text under the heading “Investment Objective” is amended as follows: The Fund seeks to track the performance of a benchmark index that measures the investment return of communication services stocks.

The text under the heading “Principal Investment Strategies” is amended as follows: The Fund employs an indexing investment approach designed to track the performance of the MSCI US Investable Market Transition Index/ Communication Services 25/50, an index made up of stocks of large, mid-size, and small U.S. companies within the communication services sector, as classified under the Global Industry Classification Standard (GICS). The GICS communication services sector is made up of companies that provide communications services primarily through fixed-line, cellular, wireless, high-bandwidth, and/or fiber-optic cable networks and companies that facilitate communication and offer related content and information through various media.

The Fund attempts to replicate the target index by seeking to invest all, or substantially all, of its assets in the stocks that make up the Index, in order to hold each stock in approximately the same proportion as its weighting in the Index.

Vanguard Consumer Discretionary Index Fund

Effective immediately, the Fund has temporarily adopted the MSCI US Investable Market Consumer Discretionary 25/50 Transition Index as its target index. This Index is designed to transition in and out of securities affected by pending updates to the consumer discretionary sector, as classified under GICS, until those updates take effect.

MSCI is expected to implement the new GICS structure in the latter half of 2018. At that time, the MSCI US Investable Market Consumer Discretionary 25/50 Index—the Fund's original target index—will reflect the updated definition of the GICS consumer discretionary sector. Under the new GICS structure, the consumer discretionary sector will include companies that provide online marketplaces for consumer products and services.

Vanguard Information Technology Index Fund

Effective immediately, the Fund has temporarily adopted the MSCI US Investable Market Information Technology 25/50 Transition Index as its target index. This Index is designed to transition in and out of securities affected by pending updates to the information technology sector, as classified under GICS, until those updates take effect.

MSCI is expected to implement the new GICS structure in the latter half of 2018. At that time, the MSCI US Investable Market Information Technology 25/50 Index—the Fund's original target index—will reflect the updated definition of the GICS information technology sector. Under the new GICS structure, the information technology sector will no longer include (1) companies that engage in content and information creation or in distribution through proprietary platforms, where revenues are derived primarily through pay-per-click advertisements or (2) companies that provide online marketplaces for consumer products and services.

© 2018 The Vanguard Group, Inc. All rights reserved.
Vanguard Marketing Corporation, Distributor.

PS 5483B 052018
XML 9 R3.htm IDEA: XBRL DOCUMENT v3.8.0.1
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName VANGUARD WORLD FUND
Prospectus Date rr_ProspectusDate Dec. 21, 2017
Supplement [Text Block] world_SupplementTextBlock [SHIP LOGO VANGUARD (R)]

Vanguard Telecommunication Services Index Fund
Vanguard Consumer Discretionary Index Fund
Vanguard Information Technology Index Fund

Supplement to the Prospectus and Summary Prospectuses Dated December 21, 2017

In November 2017, S&P Dow Jones and MSCI Inc. announced structural changes to the Global Industry Classification Standard® (GICS). The new GICS structure will reflect updated definitions for the telecommunication services, consumer discretionary, and information technology sectors (as classified under GICS), which will impact the MSCI target indexes for Vanguard Telecommunication Services Index Fund, Vanguard Consumer Discretionary Index Fund, and Vanguard Information Technology Index Fund (the Funds). As a result, the Funds' board of trustees (the Board) has approved changes to each Fund as set forth in this supplement. The Board believes that these changes are in shareholders' best interests.

As discussed in detail below, each Fund has begun tracking a custom MSCI transition index, on an interim basis, in the first of a two-phased index transition previously approved by the Board. Each Fund will track its custom transition index until the new GICS structure is implemented, at which point the Fund will resume tracking its applicable MSCI target index.

Vanguard Telecommunication Services Index Fund

Effective immediately, the Fund has temporarily adopted the MSCI US Investable Market Communication Services 25/50 Transition Index as its target index. This Index is designed to transition in and out of securities affected by pending updates to the telecommunication services sector, as classified under GICS, until those updates take effect.

Under the new GICS structure, the telecommunication services sector will be renamed as the communication services sector, and its definition will be broadened to include companies that facilitate communication and offer related content and information through various media. In line with these changes, the MSCI US Investable Market Telecommunication Services 25/50 Index—the Fund's original target index—will be broadened and renamed as the MSCI US Investable Market Communication Services 25/50 Index. MSCI is expected to implement the new GICS structure in the latter half of 2018. At that time, the MSCI US Investable Market Communication Services 25/50 Index will reflect the updated definition of the communication services sector.

To coincide with the change to its MSCI target index, the Fund has changed its name to Vanguard Communication Services Index Fund, effective immediately and as previously approved by the Board.

Prospectus and Summary Prospectus Changes for Vanguard Telecommunication Services Index Fund

All references to Vanguard Telecommunication Services Index Fund and Vanguard Telecommunication Services ETF are replaced with Vanguard Communication Services Index Fund and Vanguard Communication Services ETF, respectively.

All references to the telecommunication services sector are replaced with the communication services sector.

The text under the heading “Investment Objective” is amended as follows: The Fund seeks to track the performance of a benchmark index that measures the investment return of communication services stocks.

The text under the heading “Principal Investment Strategies” is amended as follows: The Fund employs an indexing investment approach designed to track the performance of the MSCI US Investable Market Transition Index/ Communication Services 25/50, an index made up of stocks of large, mid-size, and small U.S. companies within the communication services sector, as classified under the Global Industry Classification Standard (GICS). The GICS communication services sector is made up of companies that provide communications services primarily through fixed-line, cellular, wireless, high-bandwidth, and/or fiber-optic cable networks and companies that facilitate communication and offer related content and information through various media.

The Fund attempts to replicate the target index by seeking to invest all, or substantially all, of its assets in the stocks that make up the Index, in order to hold each stock in approximately the same proportion as its weighting in the Index.

Vanguard Consumer Discretionary Index Fund

Effective immediately, the Fund has temporarily adopted the MSCI US Investable Market Consumer Discretionary 25/50 Transition Index as its target index. This Index is designed to transition in and out of securities affected by pending updates to the consumer discretionary sector, as classified under GICS, until those updates take effect.

MSCI is expected to implement the new GICS structure in the latter half of 2018. At that time, the MSCI US Investable Market Consumer Discretionary 25/50 Index—the Fund's original target index—will reflect the updated definition of the GICS consumer discretionary sector. Under the new GICS structure, the consumer discretionary sector will include companies that provide online marketplaces for consumer products and services.

Vanguard Information Technology Index Fund

Effective immediately, the Fund has temporarily adopted the MSCI US Investable Market Information Technology 25/50 Transition Index as its target index. This Index is designed to transition in and out of securities affected by pending updates to the information technology sector, as classified under GICS, until those updates take effect.

MSCI is expected to implement the new GICS structure in the latter half of 2018. At that time, the MSCI US Investable Market Information Technology 25/50 Index—the Fund's original target index—will reflect the updated definition of the GICS information technology sector. Under the new GICS structure, the information technology sector will no longer include (1) companies that engage in content and information creation or in distribution through proprietary platforms, where revenues are derived primarily through pay-per-click advertisements or (2) companies that provide online marketplaces for consumer products and services.

© 2018 The Vanguard Group, Inc. All rights reserved.
Vanguard Marketing Corporation, Distributor.

PS 5483B 052018
Vanguard Telecommunication Services Index Fund  
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] world_SupplementTextBlock [SHIP LOGO VANGUARD (R)]

Vanguard Telecommunication Services Index Fund

Supplement to the Prospectus and Summary Prospectuses Dated December 21, 2017

In November 2017, S&P Dow Jones and MSCI Inc. announced structural changes to the Global Industry Classification Standard® (GICS). The new GICS structure will reflect updated definitions for the telecommunication services, consumer discretionary, and information technology sectors (as classified under GICS), which will impact the MSCI target indexes for Vanguard Telecommunication Services Index Fund, Vanguard Consumer Discretionary Index Fund, and Vanguard Information Technology Index Fund (the Funds). As a result, the Funds' board of trustees (the Board) has approved changes to each Fund as set forth in this supplement. The Board believes that these changes are in shareholders' best interests.

As discussed in detail below, each Fund has begun tracking a custom MSCI transition index, on an interim basis, in the first of a two-phased index transition previously approved by the Board. Each Fund will track its custom transition index until the new GICS structure is implemented, at which point the Fund will resume tracking its applicable MSCI target index.

Vanguard Telecommunication Services Index Fund

Effective immediately, the Fund has temporarily adopted the MSCI US Investable Market Communication Services 25/50 Transition Index as its target index. This Index is designed to transition in and out of securities affected by pending updates to the telecommunication services sector, as classified under GICS, until those updates take effect.

Under the new GICS structure, the telecommunication services sector will be renamed as the communication services sector, and its definition will be broadened to include companies that facilitate communication and offer related content and information through various media. In line with these changes, the MSCI US Investable Market Telecommunication Services 25/50 Index—the Fund's original target index—will be broadened and renamed as the MSCI US Investable Market Communication Services 25/50 Index. MSCI is expected to implement the new GICS structure in the latter half of 2018. At that time, the MSCI US Investable Market Communication Services 25/50 Index will reflect the updated definition of the communication services sector.

To coincide with the change to its MSCI target index, the Fund has changed its name to Vanguard Communication Services Index Fund, effective immediately and as previously approved by the Board.

Prospectus and Summary Prospectus Changes for Vanguard Telecommunication Services Index Fund

All references to Vanguard Telecommunication Services Index Fund and Vanguard Telecommunication Services ETF are replaced with Vanguard Communication Services Index Fund and Vanguard Communication Services ETF, respectively.

All references to the telecommunication services sector are replaced with the communication services sector.

The text under the heading “Investment Objective” is amended as follows: The Fund seeks to track the performance of a benchmark index that measures the investment return of communication services stocks.

The text under the heading “Principal Investment Strategies” is amended as follows: The Fund employs an indexing investment approach designed to track the performance of the MSCI US Investable Market Transition Index/ Communication Services 25/50, an index made up of stocks of large, mid-size, and small U.S. companies within the communication services sector, as classified under the Global Industry Classification Standard (GICS). The GICS communication services sector is made up of companies that provide communications services primarily through fixed-line, cellular, wireless, high-bandwidth, and/or fiber-optic cable networks and companies that facilitate communication and offer related content and information through various media.

The Fund attempts to replicate the target index by seeking to invest all, or substantially all, of its assets in the stocks that make up the Index, in order to hold each stock in approximately the same proportion as its weighting in the Index.

© 2018 The Vanguard Group, Inc. All rights reserved.
Vanguard Marketing Corporation, Distributor.

PS 5483B 052018
Vanguard Consumer Discretionary Index Fund  
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] world_SupplementTextBlock [SHIP LOGO VANGUARD (R)]

Vanguard Consumer Discretionary Index Fund

Supplement to the Prospectus and Summary Prospectuses Dated December 21, 2017

In November 2017, S&P Dow Jones and MSCI Inc. announced structural changes to the Global Industry Classification Standard® (GICS). The new GICS structure will reflect updated definitions for the telecommunication services, consumer discretionary, and information technology sectors (as classified under GICS), which will impact the MSCI target indexes for Vanguard Telecommunication Services Index Fund, Vanguard Consumer Discretionary Index Fund, and Vanguard Information Technology Index Fund (the Funds). As a result, the Funds' board of trustees (the Board) has approved changes to each Fund as set forth in this supplement. The Board believes that these changes are in shareholders' best interests.

As discussed in detail below, each Fund has begun tracking a custom MSCI transition index, on an interim basis, in the first of a two-phased index transition previously approved by the Board. Each Fund will track its custom transition index until the new GICS structure is implemented, at which point the Fund will resume tracking its applicable MSCI target index.

Vanguard Consumer Discretionary Index Fund

Effective immediately, the Fund has temporarily adopted the MSCI US Investable Market Consumer Discretionary 25/50 Transition Index as its target index. This Index is designed to transition in and out of securities affected by pending updates to the consumer discretionary sector, as classified under GICS, until those updates take effect.

MSCI is expected to implement the new GICS structure in the latter half of 2018. At that time, the MSCI US Investable Market Consumer Discretionary 25/50 Index—the Fund's original target index—will reflect the updated definition of the GICS consumer discretionary sector. Under the new GICS structure, the consumer discretionary sector will include companies that provide online marketplaces for consumer products and services.

© 2018 The Vanguard Group, Inc. All rights reserved.
Vanguard Marketing Corporation, Distributor.

PS 5483B 052018
Vanguard Information Technology Index Fund  
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] world_SupplementTextBlock [SHIP LOGO VANGUARD (R)]

Vanguard Information Technology Index Fund

Supplement to the Prospectus and Summary Prospectuses Dated December 21, 2017

In November 2017, S&P Dow Jones and MSCI Inc. announced structural changes to the Global Industry Classification Standard® (GICS). The new GICS structure will reflect updated definitions for the telecommunication services, consumer discretionary, and information technology sectors (as classified under GICS), which will impact the MSCI target indexes for Vanguard Telecommunication Services Index Fund, Vanguard Consumer Discretionary Index Fund, and Vanguard Information Technology Index Fund (the Funds). As a result, the Funds' board of trustees (the Board) has approved changes to each Fund as set forth in this supplement. The Board believes that these changes are in shareholders' best interests.

As discussed in detail below, each Fund has begun tracking a custom MSCI transition index, on an interim basis, in the first of a two-phased index transition previously approved by the Board. Each Fund will track its custom transition index until the new GICS structure is implemented, at which point the Fund will resume tracking its applicable MSCI target index.

Vanguard Information Technology Index Fund

Effective immediately, the Fund has temporarily adopted the MSCI US Investable Market Information Technology 25/50 Transition Index as its target index. This Index is designed to transition in and out of securities affected by pending updates to the information technology sector, as classified under GICS, until those updates take effect.

MSCI is expected to implement the new GICS structure in the latter half of 2018. At that time, the MSCI US Investable Market Information Technology 25/50 Index—the Fund's original target index—will reflect the updated definition of the GICS information technology sector. Under the new GICS structure, the information technology sector will no longer include (1) companies that engage in content and information creation or in distribution through proprietary platforms, where revenues are derived primarily through pay-per-click advertisements or (2) companies that provide online marketplaces for consumer products and services.

© 2018 The Vanguard Group, Inc. All rights reserved.
Vanguard Marketing Corporation, Distributor.

PS 5483B 052018
XML 10 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
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Registrant Name dei_EntityRegistrantName VANGUARD WORLD FUND
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Document Creation Date dei_DocumentCreationDate May 02, 2018
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